Melton Mowbray Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Melton Mowbray Building Society and to assist in remaining on the Melton Mowbray Building Society Approved Conveyancing Solicitors Panel.

Melton Mowbray Building Society Conveyancing Panel Information:

What are the Melton Mowbray Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements. The Special Requirements state:

All conveyancers are subject to panel requirements and must be approved onto the Society's conveyancing panel.  Please refer to the mortgage completions team if further information is required.

You must also comply with the terms and conditions of your Melton Mowbray Building Society solicitor panel appointment.

Is it conceivable that Melton Mowbray Building Society will instruct a different firm on the Melton Mowbray Building Society solicitor panel for a further advance during the lifetime of a mortgage ?
The BSA Mortgage Instructions relevant to a solicitor on the Melton Mowbray Building Society conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the Melton Mowbray Building Society conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction must be adhered to .
As a lawyer on the Melton Mowbray Building Society solicitor panel who do I call if I have a query about the instructions ?
If you are a conveyancer and have a question about the Specific Requirements, you should make contact with Melton Mowbray Building Society. The BSA will not advise or comment on specific queries relating to Melton Mowbray Building Society or other lenders.
Does the fact that my practice subscribes to LENDERmonitor Alerts assist in my application to join the Melton Mowbray Building Society conveyancing panel?
The requirements to join the Melton Mowbray Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
My practice have never been on the Melton Mowbray Building Society approved panel as well other lenders . My clients, who have applied for a mortgage with Melton Mowbray Building Society wish use my firms conveyancing services regardless of the fact that we are not on the Melton Mowbray Building Society panel. Am I doing anything wrong is suggesting to my client that they use a local to represent Melton Mowbray Building Society on mortgage aspect of the transaction?
You need to be careful here as what you are intending may not be acceptable to the lender. It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. An increasing amount of lenders are making it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.
The firm that I work for is on the Melton Mowbray Building Society conveyancing panel. I am dealing with Melton Mowbray Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to Melton Mowbray Building Society. What do I do in this conflict situation?
When a solicitor is acting for both Melton Mowbray Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent.

In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for Melton Mowbray Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Melton Mowbray Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Melton Mowbray Building Society conveyancing panel status.

What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of frequency of questions. The most popular lender panels in terms of questions are as follows:
I am a sole practitioner firm on the Melton Mowbray Building Society conveyancing panel. Do you have ideas as to how we can market our firm as carrying out conveyancing in Hendon who can act for the borrower and Melton Mowbray Building Society?
7 consumers search for a solicitor on the Melton Mowbray Building Society panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.

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Average number of days to register title including a charge in favour of Melton Mowbray Building Society
This information relates to purchase only and not remortgages.
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* Data aggregated from sources including COMPLETIONmonitor